Position opened: Buy 175 shares of WVVI

Since I have closed out of the previous XLF position, I was looking for an investment opportunity for the cash balance on the side.  One micro cap stock that I always have on my radar is Williamette Valley Vineyards (WVVI) with a market cap below $20 Million USD.  Here you can reference some of my previous research on this stock….

With the opportunity of buying this stock for about 1.0x sales level, I see this as a steal.  So, I decided to put my excess cash to work quickly and put a limit order in for 175 shares at $3.10 per share or better. The trade executed on July 7th, 2009 at a share price of $3.0336. At that time, the S&P 500 was trading at 881.03. At that price, I am buying this stock for 0.9x of sales, a great bargain for a company that shows positive revenue growth from previous year.
Hopefully I can squeeze out another double digit gain that creates positive alpha.

Here is the link to track my actual trading portfolio.

Author Disclosure: At the time of this post, I am long WVVI

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